Technical analysis 15.08.2019

EURUSD

The pair dropped below 1.1160 as a result of the risk of the German economy collapsing, and then the recession of the entire Eurozone. On account of the expansion of incentives from the ECB and uncertainty in the monetary policy of the Fed, the pair may continue its decline.

The price is below the middle Bollinger band, above the SMA 5, but below 14.  RSI is moving below 50%, trying to turn up. Stoch grow, coming out of the oversold zone.

Trading recommendations:

If the pair held below the level of 1.1160, it will continue its decline to 1.1100.